Streetbeat News

Earnings

AMZN

BITF

CUEN

FLJ

ICLK

IMPL

IRBT

U.S. stocks showed mixed performance with the Dow Jones gaining, while the NASDAQ and S&P 500 fell slightly. Energy shares surged, but communication services shares declined. The U.S. services PMI rose to 50.8, indicating expansion. FLJ Group announced an acquisition agreement, boosting its shares by 68%. iRobot shares increased by 33% as Amazon's acquisition is close to EU approval. iClick Interactive also rose after a merger deal. Conversely, Impel Pharmaceuticals, Cuentas, and Bitfarms shares fell following various company-specific news. Oil prices edged lower, while gold and silver rose.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 4:56 pm

VZIO

WMT

VIZIO Holding Corp (NYSE:VZIO) has announced Black Friday discounts on its popular TVs and soundbars, with deals available through various dates, including some at Walmart Inc (NYSE:WMT). VIZIO's 50" and 75" Class V-Series 4K UHD LED Smart TVs are notably discounted. Following its Q3 earnings report, which surpassed consensus estimates, VIZIO's stock showed a slight increase.

Portfolio Pulse from Lekha Gupta

November 24, 2023 | 4:48 pm

ASML

ASML Holding (NASDAQ:ASML) is analyzed against its peers in the Semiconductors & Semiconductor Equipment industry. ASML leads in photolithography systems and primarily serves TSMC, Samsung, and Intel. It shows potential for growth with a lower P/E ratio than the industry average, trades at a premium based on its P/B ratio, and may be overvalued in terms of P/S ratio. ASML's ROE, EBITDA, gross profit, and revenue growth are significantly higher than the industry average, indicating strong financial performance. The company also has a favorable debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 4:00 pm

AMGN

Amgen (NASDAQ:AMGN) is analyzed in comparison to its biotechnology industry peers. It has a lower P/E ratio, suggesting potential for growth, but higher P/B and P/S ratios, indicating possible overvaluation. Amgen's ROE, EBITDA, gross profit, and revenue growth are above industry averages, showing strong financial performance. However, a high debt-to-equity ratio could signal financial risk. Amgen's portfolio includes drugs for various diseases and a growing biosimilar portfolio, with recent acquisitions enhancing its offerings.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 4:00 pm

DELL

HPQ

LNVGY

MSFT

HP Inc (HPQ) reported a slight decline in quarterly revenue but maintained its annual earnings outlook, expressing optimism about an AI-driven PC market recovery. Despite a PC market slowdown post-pandemic, HP and peers like Lenovo (LNVGY) and Dell Technologies (DELL) anticipate growth fueled by AI technology. HP's revenue fell 6.5% YoY to $13.82 billion, with declines in both personal systems and printing. The company expects to launch AI PCs in 2024, with a gradual market penetration. Microsoft (MSFT) is also contributing to market optimism with an AI-powered update to Windows 10, extending the life of the OS beyond its planned retirement.

Portfolio Pulse from Upwallstreet

November 24, 2023 | 3:34 pm

BMA

Banco Macro's stock is trading higher following the release of their positive Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 3:32 pm

SPY

The latest S&P Global PMI data for November shows a contraction in the U.S. manufacturing sector, with the index falling to 49.4, and an unexpected growth in the services sector, with the index rising to 50.8. Employment levels decreased for the first time in over three years, with layoffs attributed to subdued demand and rising costs. Input price inflation eased, particularly in manufacturing, aligning with the Fed's 2% target. The mixed PMI data led to a slight decline in the U.S. dollar, while the SPDR S&P 500 ETF Trust (SPY) remained flat during Black Friday trading.

Portfolio Pulse from Piero Cingari

November 24, 2023 | 3:22 pm

ALLG

BITF

CIG

GDEV

GRCL

ICG

Bitfarms Ltd. (BITF) shares dropped 9.9% after announcing a C$60 million private placement. Other stocks also moved lower: GDEV Inc. (GDEV) fell 11.7% post Q3 sales decline, Allego N.V. (ALLG) dropped 7.8% after a Q3 loss, Gracell Biotechnologies Inc. (GRCL) declined 6% with a narrower-than-expected loss, Intchains Group Limited (ICG) fell 5.6%, and CEMIG (CIG) decreased 5.5% following a downgrade by B of A Securities.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 3:21 pm

Zscaler, Inc. (NASDAQ:ZS) is expected to report higher earnings for Q1 FY2024 with an estimate of 49 cents per share, up from 29 cents per share a year ago. Revenue is projected at $476.74 million. The company previously reported better-than-expected fiscal Q4 results. Shares fell 0.4% to $190.64 recently. Analysts have revised their price targets and ratings, with upgrades and increases in price targets from BTIG, Rosenblatt, Truist Securities, Jefferies, and Barclays.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 3:20 pm

NYCB

SBFG

SB Finl Gr (NASDAQ:SBFG) is set to pay a dividend of $0.14 per share on November 24, 2023, with an annualized yield of 4.22%. Shareholders must have held the stock before the ex-dividend date of November 09, 2023. The company has shown a consistent increase in dividends per share from $0.34 in 2019 to $0.48 in 2022, and earnings per share have also grown from $1.52 to $1.56 over the same period. SB Finl Gr's financial health appears strong, indicating the potential to sustain dividend distributions. New York Community (NYSE:NYCB) has the highest annualized dividend yield in the industry at 7.45%.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 3:05 pm